The world’s leading investment manger and private equity firm Blackstone has exited its last investments in Hilton, selling its last 15.8 million shares for more than $1.3 billion. In the private transaction, Hilton will buy 1.25 million shares from Blackstone, which will no longer own any shares of Hilton’s common stock.

In 2007, Blackstone had acquired and privatised Hilton in a leverage buyout of the company for a total value of $26 billion. In 2013, Hilton went public and since then, Blackstone had been progressively exiting its investments in Hilton. For the 11 years investments in Hilton, Blackstone is estimated to generate more than $13 billion in profit, more than 3 times its capital.

Hilton (NYSE: HLT) is a leading global hospitality company, with a portfolio of 14 world-class brands comprising more than 5,300 properties with more than 863,000 rooms, in 106 countries. The company’s portfolio includes Hilton, Waldorf Astoria, Conrad, Canopy, Curio Collection, DoubleTree, Tapestry Collection, Embassy Suites, Hampton and many others. Blackstone is one of the world’s leading investment firms, with $450 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds.